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[Industry Focus]：Sulfur price trend first fell and then rose, short-term finishing operation

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the end of February in East China sulfur price trend first fell and then rose, February 28 sulfur average price of 1116.67 yuan/ton, compared with February 21 1113.33 yuan/ton rose 0.30 percent, compared with the beginning of the month fell 4.56 percent.

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the fluctuation of sulfur market in East China, domestic refinery equipment is operating normally, market supply is stable, manufacturers have sufficient inventory, downstream commodities are rational, mainly follow-up on demand. Sulfur refineries adjust their quotations according to their own shipments, and the market price fluctuates less and the overall downturn. As of the 28th, the mainstream price of solid sulfur in Shandong refinery was about 1110-1190 yuan/ton. The mainstream price of liquid sulfur is 1000-1190 yuan/ton.

1. Industrial chain downstream market
to February 28, the average price of domestic sulfuric acid was 253.33 yuan/ton, compared with February 21, the average price of sulfuric acid was 243.33 yuan/ton, up 4.11. The sulfuric acid plant is operating normally, the market supply is stable, the enthusiasm for downstream procurement is enhanced, the market trading atmosphere is improved, and the quotation of sulfuric acid enterprises is increased according to their own shipment situation. The
monoammonium phosphate market is running strongly. On February 28, the average market price of 55% powdered monoammonium was 3330 yuan/ton. On February 21, the average market price of 55% powdered monoammonium was 3310 yuan/ton, and the market price of monoammonium phosphate rose by 0.60. Downstream mentality is cautious, follow up on demand to enter the market, the market has few new orders, the overall trading atmosphere is general, and the market trading focus range fluctuates. Monoammonium phosphate week market finishing operation.

2. After the market forecast
business sulfur analysts believe that the domestic refinery equipment operation is stable, the market supply is low, downstream demand is weak. The sulfur market is affected by downstream demand, and the terminal phosphate fertilizer market has underperformed and demand is unfavorable. Refineries mostly follow the market and offer flexible adjustments. It is expected that the sulfur market will be sorted out in the short term, with special attention to downstream follow-up.

Source: Business News

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